Mr. Speaker, incorporation by reference is done now, every day, and it is done in a meaningful way. All the legislation would do is define it and put it in such a framework that there are guidelines that can be met and that there is the ability to use incorporation by reference in a meaningful way.
Many incorporations have already used incorporation by reference, as we heard earlier from my colleague, such shipping and marine, energy, hazardous products, even motor vehicle safety, as are proceeds of crime and money laundering. All these things are used daily in the different disciplines of both trade and everyday life in the workings of our country and dealing with other countries.
In terms of the incorporation by reference, this streamlines what needs to be done in a meaningful way so we can get things done more accurately. That is what we need. This business of inconsistencies in regulations is something I heard on the ground through business and other corporations. This would streamline that and cause the inconsistencies to be fewer.